Wachovia Corporation, one of the leading financial services providers in the US that caters to retail, brokerage and corporate customers, hasagreed to acquire California - based Westcorp, one of the largest independent automobile finance companies in the country. The deal worth $3.42 billion is expected to close in next year’s first quarter. The Westcorp acquisition will add 8,500 automobile dealer clients, close to 920,000 customers and 19 retail banking offices in Southern California, to Wachovia’s kitty…
Source: IIPM Publication
Copyright IIPM(2006)
